Richard Barasch to Retire; Anne McGeorge Brings Extensive Financial Experience to Role as New ChairmanCERRITOS, Calif., Aug. 13, 2025 (GLOBE NEWSWIRE) -- The Oncology Institute, Inc. (“TOI”) (NASDAQ: TOI), one of the largest value-based oncology groups in the United States, today announced that Richard Barasch will retire from his role as Chairman of the Board, effective August 12, 2025. Anne McGeorge, who currently serves as a Board Member and Chair of the Audit Committee, will succeed Barasch in the role. ...

Reduced year-over-year operating expenses by $4.7 million and posted lowest operating loss as a public company in the second quarter of 2025 Generated positive net cash provided by operating activities of $4.6 million in the second quarter of 2025 LOS ANGELES, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS) (“Xos” or the “Company”), a leader in electric commercial vehicles and mobile charging solutions, today announced a breakout quarter by a number of measures. In the second quarter of 2025, Xos ...

Core Insights - Epsilon Energy Ltd. has entered into definitive agreements to acquire Peak Exploration and Production LLC and Peak BLM Lease LLC, which are majority owned by Yorktown Energy Partners LLC [1][2] - The total consideration for the acquisition includes 6 million common shares of Epsilon and the assumption of approximately $49 million in debt, with potential additional contingent consideration of up to 2.5 million shares [2][4] - The acquisition is expected to close in Q4 2025, pending shareholder approval [2] Transaction Highlights - The acquired Peak assets encompass 40,500 net acres in the Powder River Basin (PRB), with Q2 2025 production reported at 2.2 MBoepd, consisting of 56% oil and 44% gas [4] - The acquisition is projected to increase Epsilon's proved reserves by approximately 150%, totaling 21.5 MMBoe according to a third-party reserves report [4] - Epsilon estimates 111 net priority locations on the acquired PRB position, which are defined by specific economic criteria [5] Pro-Forma Company Overview - Post-acquisition, Epsilon will have four primary project areas: NEPA core Marcellus, Permian Barnett in Texas, WCSB in Alberta, and the newly acquired core PRB [6] - Pro-forma Q2 2025 production is expected to be 47 MMcfe, with a composition of 77% natural gas and 22% oil [6] - Pro-forma year-end 2024 proved reserves are estimated at 213 Bcfe, with 59% natural gas and 39% oil [6] Financial Considerations - The acquisition is considered attractively priced, equating to $1,100 per undeveloped acre or $340,000 per priority location based on Epsilon's stock price of $6.21 [9] - The transaction is expected to be accretive to forecasted 2025 and 2026 Adjusted EBITDA per share and cash flow per share [9] - Epsilon maintains a strong balance sheet, allowing for consistent dividend payouts and future dividend support [9] Operational Updates - Epsilon's capital expenditures for Q2 2025 were $4 million, primarily for drilling and completing wells in Texas and Alberta [11] - The company reported a $2.7 million impairment related to recently drilled wells in Alberta due to cost overruns and underperformance [12] - Epsilon's management remains optimistic about the potential of its assets, particularly in the Garrington and Harmattan areas [13] Current Financial Performance - For Q2 2025, Epsilon reported total revenues of $11.6 million, a 59% increase year-over-year [23] - The company achieved a net income of $1.55 million for Q2 2025, compared to $0.82 million in Q2 2024 [24] - Adjusted EBITDA for the first half of 2025 was $18 million, reflecting a significant increase from the previous year [29]

Core Viewpoint - Birchcliff Energy Ltd. reported strong operational and financial performance in Q2 2025, with significant increases in production and adjusted funds flow, while maintaining a focus on capital efficiency and debt reduction [2][3]. Financial Performance - Average production for Q2 2025 was 79,480 boe/d, a 1% increase from Q2 2024, with 82% being natural gas [8][17]. - Adjusted funds flow reached $94.5 million, or $0.35 per basic common share, marking a 76% increase from Q2 2024 [8][11]. - Cash flow from operating activities was $109.6 million, a 308% increase from Q2 2024 [8][11]. - The average realized natural gas sales price was $3.82/Mcf, an 88% premium to the AECO benchmark price [8][11]. Operational Highlights - Birchcliff drilled 6 wells and brought 12 wells on production in Q2 2025, with F&D capital expenditures totaling $73.3 million [8][14]. - The company targeted high-value condensate-rich natural gas, resulting in a 28% increase in condensate production compared to Q1 2025 [8][17]. - Liquids accounted for 18% of total production in Q2 2025, up from 17% in Q2 2024 [17]. Capital Expenditures and Debt Management - The 2025 capital budget is set between $260 million and $300 million, with 66% already invested in the first half of the year [3][22]. - Birchcliff anticipates generating substantial free funds flow for the remainder of 2025, primarily directed towards reducing total debt by approximately 23% compared to year-end 2024 [3][34]. - Total debt at June 30, 2025, was $523.1 million, a 12% increase from June 30, 2024 [18]. Market Diversification - Approximately 76% of Birchcliff's natural gas volumes realized higher U.S. pricing at the Dawn and NYMEX HH markets compared to AECO [2][16]. - The company has various financial instruments that provide exposure to NYMEX HH pricing, enhancing its market diversification strategy [16]. Future Outlook - Birchcliff reaffirmed its 2025 annual average production guidance of 76,000 to 79,000 boe/d, while adjusting its natural gas price assumptions downward due to market volatility [34]. - The company plans to complete various compressor maintenance projects in Q3 2025 to reduce downtime in Q4 2025 when natural gas prices are expected to strengthen [28].

Core Insights - Tevogen Bio Holdings Inc. is expanding its collaboration with Microsoft and Databricks to develop the beta version of its PredicTcell model, focusing on oncology [1][7] - The initiative aims to enhance the accuracy of the PredicTcell model by curating a dataset that combines oncology and virology data [2][7] - The development is supported by a recently published international patent application outlining novel machine learning systems for predicting immunologically active peptides, crucial for targeted therapies [3] Company Developments - Tevogen.AI is leveraging the Databricks Data Intelligence Platform to improve its foundational AI model, which is particularly impactful in drug discovery for oncology [2][4] - The company plans to explore external market opportunities as a potential revenue source while enhancing analytics and visualization tools for its internal R&D teams [7] - The collaboration with Microsoft and Databricks has been highlighted as a significant advantage in building the alpha version of the AI model [4]

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (“Emerita” or the “Company”) (TSXV:EMO) (OTCQB:EMOTF) (FSE:LLJA) is pleased to announce that, due to strong investor demand, it has agreed with Clarus Securities Inc. and Velocity Trade Canada as co-lead agents on behalf of a syndicate of agents (collectively, the “ ...

Core Insights - Toll Brothers, Inc. is launching a new luxury home community named Toll Brothers at Briggs Ranch in San Antonio, Texas, with sales expected to begin in fall 2025 [1][2] Group 1: Community Details - The new community will feature modern single-family homes on 50-foot-wide lots, with floor plans ranging from 1,913 to 3,116 square feet [2][4] - Home designs will include options for 3 to 5 bedrooms and 2 to 4.5 baths, with pricing anticipated to start from the mid-$400,000s [2][4] - The community will offer various amenities such as parks, walking trails, and an amenity center, providing a tranquil living environment [4] Group 2: Company Background - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes and has been in operation for 58 years, becoming a public company in 1986 [6][8] - The company operates in over 60 markets across 24 states and offers a range of services including architectural, engineering, and mortgage operations [7] - Toll Brothers has received multiple accolades, including being named one of Fortune magazine's World's Most Admired Companies for over 10 years [8]

Core Viewpoint - ScanTech AI Systems Inc. is set to launch a significant AI-powered software upgrade for its SENTINEL CT Computed Tomography system, enhancing checkpoint operations and establishing a new standard in security technology [1][2][3]. Company Overview - ScanTech AI Systems Inc. specializes in advanced non-intrusive 'fixed-gantry' CT screening technologies, utilizing proprietary AI and machine learning to detect hazardous materials and contraband [4]. Product Development - The upcoming AI upgrade is described as a transformative enhancement rather than a routine update, aimed at unlocking the full potential of the SENTINEL CT platform [3]. - The upgrade promises to deliver real-time insights, improved operator experience, and increased throughput, positioning SENTINEL as a leading CT screening solution [2][3]. Strategic Importance - The company believes that the new software will significantly improve customer experience by optimizing security checkpoints and operational efficiency, thereby setting a new benchmark for security technology [3].

Core Points - The arbitration timeline regarding the retrocession treaties between SCOR and Covéa remains unchanged, with a final decision expected in 2026 [1][2] - SCOR has opposed Covéa's request to stay the arbitration proceedings, indicating a commitment to resolving the dispute [1] - SCOR's financial statements provision for all major arbitrations and disputes at best estimate, reflecting prudent financial management [2] Company Overview - SCOR is a leading global reinsurer, providing a diverse range of reinsurance and insurance solutions to manage risk [2] - The company generated premiums of EUR 20.1 billion in 2024 and operates in over 150 countries with 37 offices worldwide [2]

Core Points - Logansport Financial Corp. has declared a quarterly cash dividend of $0.45 per share for the third quarter of 2025 [1] - The dividend will be payable on October 13, 2025, to shareholders on record as of September 12, 2025 [1] Company Summary - Logansport Financial Corp. is the holding company for Logansport Savings Bank, a state commercial bank located in Logansport, Indiana [1]